BTC Morning Analysis
Today's market remains weak, with double pressure concentrated at the key level of 94000 above, while the support level is at 89000. From the current situation, we are in a very critical window period, and various signs indicate that a large-scale "waterfall market" is likely to surge soon, with a predicted decline of more than 8000 points. Given the tense market trends in recent days, it is quite possible that the curtain will rise in the next day or two.
The daily chart currently shows a series of bearish retracements, and the previous upward trend has been clearly broken. The current market is dominated by bearish forces, and the downward trend is evident.
In terms of operations, the strategy is not complicated. After a decline, short-term markets often rebound like a compressed spring, and what we need to do is accurately grasp the pattern of shorting this rebound. There is no need to be overly concerned about the entry point, as under the current market rhythm, this shorting logic can fit almost any point. First, set the target at 89000, and once this support is broken, the next stop will be 85600.
Morning Operation Suggestion:
Short Bitcoin in the 93000-93800 range, target 90000-89000
